The cost price of two articles is the same. One article among them is sold at a profit of 15% and the other is sold at a profit of 12%. If the difference between their selling prices is Rs. 18, what is the cost price of each article?
Show answer & explanation
Correct answer: D
Explanation
Correct Answer is option 4 i.e. Rs. 600
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Understanding |
Application |
Calculation |
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Suppose CP of both article = Rs. X One article is sold at a profit of 15% |
So, SP of 1st article = 1.15X |
⇒ X × 1.15 ⇒ 1.15X
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Other article is sold at a profit of 12%. |
So, SP of 2nd article = 1.12X |
⇒ X × 1.12 ⇒ 1.12X
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Difference between their selling prices is Rs. 18. |
So, 1.15X – 1.12X = 18 ⇒ X = Rs. 600 Hence, CP = Rs. 600 |
1.15X – 1.12X = 218 ⇒ 0.03X = 18 ⇒ X = 600 |